Greg Olear talks to Kimberly Kay Hoang, a professor at the University of Chicago and the author of “Spiderweb Capitalism: How Global Elites Exploit Frontier Markets,” about her field work as an ethnographer, the difference between high-net-worth and ultra-high-net-worth individuals, the similarities between high-net-worth individuals and sex workers, the concept of “playing in the gray,” tax havens offshore and otherwise, the psychology of gambling with enormous stakes, and how Prada makes the best handbags. Plus: a new airline in Florida.

Follow Kimberly Kay Hoang:
https://twitter.com/kimberlykhoang

Buy “Spiderweb Capitalism:”
https://press.princeton.edu/books/hardcover/9780691229119/spiderweb-capitalism

Buy “Dealing in Desire: Asian Ascendancy, Western Decline, and the Hidden Currencies of Global Sex Work:”
https://www.amazon.com/Dealing-Desire-Ascendancy-Western-Currencies/dp/0520275578

Her website:
https://www.kimberlykayhoang.com/